Related parties contracts EFSA-OPCOM & DEER-OPCOM

Societatea Energetica Electrica SA

05 January 2024

 

To:                              Romanian Financial Supervisory Authority (FSA)

                                    Bucharest Stock Exchange (BSE)

                                    London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 5 January 2024

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1^st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Conclusion of electricity sale-purchase contracts through MACEE by EFSA and DEER, subsidiaries of Electrica, with OPCOM

Electrica informs its shareholders and investors about the conclusion of two contracts for the sale-purchase of electricity through the Centralized Electricity Purchase Mechanism (MACEE), for the entire year 2024, according to Article 108 of Law no. 24/2017, by Electrica Furnizare SA (EFSA) and Distributie Energie Electrica Romania SA (DEER), subsidiaries of Societatea Energetica Electrica SA (Electrica), with OPCOM. This mechanism (MACEE) is foreseen in the Annex to GEO 153/2022.

The object of the contract is the sale by OPCOM and the purchase by EFSA and DEER of the quantities of electricity allocated through MACEE (GEO 153/2022), at the price of 450 lei/MWh in accordance with the legislation and rules applicable to this mechanism.

The value of the EFSA - OPCOM contract is 917,655,210 lei - estimated value for the year 2024, corresponding to an estimated quantity of 2,039,233.8 MWh electricity and a contract duration of 12 months. The value can be updated monthly according to the forecast additional quantity, in accordance with the MACEE (GEO 153/2022). Guarantees amounting to 374,600,000 lei have been provided for this contract.

The value of the DEER - OPCOM contract is 351,777,870 lei - estimated value for the year 2024, corresponding to an estimated quantity of 781,728.6 MWh of electricity and a contract duration of 12 months. The value can be updated monthly according to the forecast additional quantity, in accordance with the MACEE (GEO 153/2022). Guarantees amounting to 203,000,000 lei have been provided for this contract.

In the periodic transactions reports according to art. 108 of Law no. 24/2017 related to EFSA - OPCOM, respectively DEER - OPCOM, Electrica will include the actual transactions invoiced monthly according to the above-mentioned contracts.

CFO

Stefan Frangulea

 

END